Retail
Plans to revamp mall parcels with new apartments, public space taking shape across New Jersey

Redevelopment is coming to some of New Jersey’s largest malls, as owners and local officials weigh plans to add apartments, health care facilities and vibrant public spaces meant to infuse them with new foot traffic. Proponents say the projects are essential to the long-term health of even the most successful assets. In other cases, they’re a potential lifeline to once-dominant shopping hubs that have become obsolete and seen their values plummet in recent years.

Retail
Cherry Hill Mall owner welcomes Eddie V’s, with additional tenants still to come

A new Eddie V’s restaurant has opened its doors at the Cherry Hill Mall, as the property’s owner prepares to welcome several other tenants in the months ahead.

Retail
PREIT sells Vineland mall for $45 million in ongoing quest to shrink debt load

PREIT has sold Vineland’s Cumberland Mall and several outparcels for $45 million, shedding another piece of its South Jersey portfolio to help reduce a reported $1.8 billion in debt.

Retail
PREIT inks leases to bring apparel companies, seafood restaurant to Cherry Hill Mall

Levi’s has signed a lease for a new store at the Cherry Hill Mall, in one of three newly announced tenant commitments by the owner of the Route 38 property.

Residential & Mixed Use
PREIT inks sale of Moorestown Mall parcel slated for 375 apartments

Moorestown Mall owner PREIT has completed its sale of two key parcels at the site, including one that’s slated for 375 apartments as part of an ongoing redevelopment plan.

Residential & Mixed Use
REIT eyes plan to reposition South Jersey mall with 1,100 apartments, hotel

The owner of a Burlington County mall is moving ahead with plans to transform the property with the addition of more than 1,000 apartments and a hotel.